Energies Trading 20 Pips Energies Price Range Moving Average Strategy
20 Energies Trading Pips Energies Price Range Moving Average Energies Trading Strategies
The 20 pips energies price range moving average energies strategy is used with the 1 Hour energies chart and 15 minute chart. On this energies chart timeframes we use the 100 and 200 simple moving average energies trading technical technical indicator.
Both the 1 Hour and 15 minute chart timeframes will use the 100 and 200 SMA (SMA Indicator) to determine the direction of the Energies trend.
The 1 Hour energies chart timeframe checks the long term direction of the Energies trend, upward or downward trend, depending on the direction of the moving averages. All energies trades taken should be in this energies trend direction.
We then use the 15 minute chart to find the optimal point to enter energies trades. Energies trades are opened only when the price is within 20 pips range of the 200 simple MA, if energies price is not within this pip range energies trades are not opened.
Energies Trading Uptrend/Bullish Market
To generate buy (bullish energies signals) using the 20 pips moving average Energies Trading strategy, we shall use the 1hour and 15 minute chart time frame.
On the 1 hour energies chart timeframe the energies price of the energies chart should be above both the 100 and 200 simple moving average. We then move to a lower energies chart timeframe, the 15 minute chart timeframe to generate a energies signal.
On 15 minute chart timeframe, when price reaches the 20 pips range above the 200 SMA, we open a buy energies trade and place a stop loss 30 pips below the 200 SMA. Stop loss can be adjusted to the amount of Pips that are suitable for your risk but to avoid being stopped out by normal Energies Trading volatility its best to use 30 pips stop loss.
A buy energies trade can also be opened when the price touches the 100 Simple moving average, provided it's not very far from the 200 SMA. Normally the 100 SMA will be within the 20 pips range of the 200 SMA.
100 and 200 Simple Moving Average Energies Trading Buy Trading Signal - Moving Average Strategy
Energies Trading Downtrend/Bearish Market
To generate sell (short energies signals) using the 20 pips moving average Energies Trading strategy, we shall also use the 1 hour energies chart timeframe and 15 minute chart time frame.
On the 1 hour energies chart timeframe, the energies price should be below both the 100 and 200 SMA. We then move to the 15 minute chart timeframe to generate a energies Signal.
On 15 minute chart, when price reaches the 20 pips range below the 200 SMA, we open a sell energies trade and place a stop loss 30 pips above the 200 simple moving average.
100 and 200 Simple Moving Average Energies Trading Sell Energies Signal - Moving Average Strategy
With this energies strategy method energies price will generally bounce of these support and resistance levels because many traders watch these levels, and open similar energies trades at around the same point.
These support and resistance levels act as short term resistance or support levels within the energies price charts.
Profit Taking level For This Strategy
With this energies strategy the energies price will bounce and make a move in the direction of the original Energies trend. This move will range from 60 - 70 pips.
The best energies profit taking level would therefore be considered to be 60 to 70 pips from the 200 SMA.
